Regulatory Radar

On March 23, 2017, the French Constitutional Council passed the Duty of Care law.

In late March 2017, The White House issued an executive order on domestic energy policy that seeks to revise the set of climate and clean energy initiatives developed by the Obama administration.

The German parliament has passed the Act to Promote Transparency of Pay Structures.

The European Union (EU) has approved a regulation to prevent the trade of tin, tantalum, tungsten, and gold minerals from funding conflict and human rights violations.

REGULATORY RADAR - On April 7, 2017, the U.S. Securities and Exchange Commission (SEC) announced that U.S. corporations will no longer be required by the SEC to conduct a due diligence review or an audit regarding sourcing of conflict minerals.

REGULATORY RADAR - A global code of conduct for the foreign exchange market, unveiled on May 25, 2017, aims to lay down international standards on a range of practices, from the handling of confidential information to the pricing and settlement of deals.

REGULATORY RADAR - The European Parliament voted to reduce waste throughout Europe by 2030. The share of waste to be recycled would rise to 70 percent by 2030, from 44 percent today.

REGULATORY RADAR - On April, 28, 2017, President Trump signed an executive order that aims to expand offshore drilling in the Artic and Atlantic Oceans.

REGULATORY RADAR - The U.S. Congressional Budget Office (CBO) released a report on July 19, 2017, projecting that the number of people who are uninsured would increase by 17 million in 2018 if the Affordable Care Act was repealed.

REGULATORY RADAR - The Australian government has inquired into whether to enact a Modern Slavery Act, similar to the U.K. Modern Slavery Act and California Transparency in Supply Chains Act.

REGULATORY RADAR - A German-Hungarian proposal that aims to boost soy growth in the EU received support, as 13 EU member states have signed the European Soy declaration on July 17, 2017.

REGULATORY RADAR - On July 17, 2017, California voted to extend and improve the state’s cap-and-trade program through 2030.